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Ant Financial To Build Blockchain Platform With Xiongan Government

According to China Times, on November 8, Alibaba Group, Ant Financial Services Group and Xiongan district signed a strategic cooperation agreement. According to the introduction, the strategic cooperation covers not only the city infrastructure, environment and industry, but also city operation, management, even the modelling of innovative vigor.

On November 8, a strategic cooperation agreement was signed between GHoAlibaba Group, Ant Financial Services Group and Xiongan district. According to the introduction, the strategic cooperation covers not only the city infrastructure, environment and industry, but also city operation, management, even the modelling of innovation vigor.

At the same time, in September this year, Ali decided to set up three companies at Xiongan, namely, “Alibaba (Xiongan) Artificial intelligence Technology Co., Ltd.”, “Ant Financial (Xiongan) Digital Co., Ltd.” and “Cai Niao technology (Xiongan) network Co., Ltd.
According to Ali’s planning, in the field of artificial intelligence, Alibaba will promote the new smart city construction of the Xiongan area, boosting Xiongan new area’s innovation in social governance of healthcare, transportation, energy, environmental protection and other fields. In science, technology and finance, ant Financial will promote the implementation of all-benefiting, creditworthy and green financial services, join hands to build Xiongan new area into a global Demonstration City in digital and financial life. In intelligent logistics, Cai Niao is planning on building a digital, shared, green new ecology of logistics.

“In the future, the administrative committee of Xiongan district and Ant Financial group will deepen all-round cooperation, advancing cooperation in financial cloud, credit, block chain, biometric identification, financial intelligence, risk control and other areas.”

Ant Financial introduced.
It is worth mentioning that block chain, the world’s hottest innovation in underlying technology, will take the lead to be applied to Xiongan’s construction.
It is revealed that Alibaba and Ant Financial will construct digital Xiongan block chain infrastructure platform.

“Ant Technology Laboratory’s block chain Technology is committed to the research and development of food safety traceability and product authenticity traceability.”

Source from Ant Financial pointed out, at present, the Ant Financial’s block chain technology has been opened to Cross-border e-commerce business to provide food safety traceability support for Australia, New Zealand and other countries. It’s also opened to partners, providing Maotai and other brands with authentic product traceability support.
He further introduced that in the future, if a Xiongan local wants to verify a product’s authenticity, all he needs to do is scanning a QR code with Alipay. Different from the traditional approach for merchants to enter product information by themselves, block chain enables multiple “bookkeepers” to perform a just, independent and undeniable bookkeeping process.

“Through the combination of block chain and financial cloud, credit, biometric identification, financial intelligence, risk control and other fields, our goal is to build Xiongan into a credit city of coordinated governance, green city valuing People’s livelihood, city of financial science and technology innovation.”

Hi, this is Evia, an editor with 8btc. love to chat with u guys about the fancy stuff going on around the financial circle. Hope I can be a window to get u to know about the latest chinese policies on Blockchain and the whole BTC circle. DADA...